Australian business conditions just bounced back but retailers are still feeling the pinch

NAB’s monthly business survey showed business conditions returned to record highs in April. However, while the mining and finance sectors continue to strengthen, business conditions in retail turned negative for the first time this year. Read More..
Read More

Greenback Starts Week on Firm Note

The US dollar recovered from a softer tone in early Asia and is higher against nearly all the major and emerging market currencies as North American market prepare to start the new week. The news stream is light and investors remain on edge geopolitical concerns remain elevated. Read More..
Read More

China Opens Iron Ore Futures to Foreign Investors

We argue that China, like many other countries, is developing a three-prong strategy for dealing with the Trump Administration. First, push back against tariffs, retaliating selectively. Second, challenge the US actions at the WTO. Third, some US demands that are perfectly consistent with President Xi’s agenda for China. Read More..
Read More